Genex Infosys has signed an agreement with Edotco Bangladesh Co Ltd, a multinational telecom tower company to provide 360-degree security solutions consisting of monitoring and theft protection.
The revenue from this deal is estimated to be Tk24 Crore every year upon the deal’s full implementation for Genex Infosys.
It has taken the decision to invest in a telecom infrastructure business, Genex Infrastructure Limited with a 75% equity stake.
The company is currently providing website development, maintenance and support service for its local and international client, a customer service through call center and marketing of different software products.
It debuted in the Dhaka Stock Market with a paid-up capital of Tk103.22 Crore with profit of Tk31.63 Crore and revenue of Tk84.49 Crore from July to March in the fiscal year 2019-2020. Its consolidated earnings each share amounted to Tk1.16 increasing from Tk1.11 in fiscal year 2019-2020 in the first three months of 2021. The price of its share was Tk90.2 on Wednesday last week.